A local development team is in pursuit of amendments to existing zoning ordinances to facilitate the construction of a three-building development in Borough Park, Brooklyn. Located on a multi-lot assemblage at 1501-1555 60th Street, the complex would replace a cluster of low-rise properties including a small medical office, warehouses, an automotive shop, minor residential properties, and associated parking areas.
Affordable and supportive housing developer Camper Property Group‘s latest project for low-income households and the formerly homeless is set to break ground at 913 East Tremont Avenue in West Farms, The Bronx. The estimated construction cost for the project is approximately $50 million, which is funded in part through tax-exempt bond financing, as of right tax credit equity provided by Wells Fargo, and public subsidies from the New York State Housing Finance Agency and New York State Homes and Community Renewal.
The Sayerville Planning Board has approved construction of a waterfront community that will soon become one of the largest redevelopment projects in New Jersey history. Known simply as Riverton, the multi-phase development will occupy 418 acres near the Driscoll Bridge along the Raritan River.
The New Rochelle Planning Board is expected to review proposals from a local developer to construct a new 28-story building in Downtown New Rochelle. Located at 525 Main Street, the site is formed by an assemblage of five lots to create a 22,000-square-foot unified parcel.
The Beach 21st Street project, a 226,000-square-foot mixed-use building, will soon break ground as part of the city’s Downtown Far Rockaway Rezoning and Roadmap for Action. The long-running initiative was conceived by Mayor Bill de Blasio to encourage new retail, housing, and investment opportunities in southeastern Queens.